The government's proposed new policy of allowing 100% foreign direct investment (FDI) in the telecom service sector is likely to come as a breather for telecom service providers, who are looking to exit after a long run in a cut-throat market.

Bharti Airtel, on Monday announced clearing debt of Rs 6,796 crore, which is close to 10% of its total debt. The company has repaid this debt with proceeds received from selling its 5% equity stake to Qatar Foundation Endowment last month. Dressing up the numbers

The rupee may be sliding down, but India’s IT firms may be cruising up. After all, most of their money comes from exports — which are now earning more rupees for every dollar earned by the simple fact of a 12.81% depreciation in the currency since April.

Vodafone may have to sell its 4.4% stake in Bharti Airtel if the Department of Telecommunications accepts a report by its panel to abolish cross holding between operators providing services in the same area.

The Telecom Regulatory Authority of India (TRAI) on Wednesday made it mandatory for the operator to activate value-added services (VAS) of a subscriber only if it receives confirmation for it from a subscriber twice.

Telecom service provider Bharti Airtel Thursday expressed shock and disappointment at receiving a demand notice of Rs.650 crore from the Department of Telecom (DoT) pertaining to its subscriber local dialing (SLD) service between 2002 and 2005.

Telecom regulator TRAI has received reference from the DoT seeking recommendation on spectrum price for third round of auctions and will start consultation process shortly, a senior official said today.

Analysts gave a thumbs-up to Infosys last Friday after it reported better-than-expected results, but old loyalists of India’s No 2 software exporter should be in no hurry to reach for a champagne bottle - though its shares soared. Vivek Sinha reports. Prospects vs performance

The government's decision, on Tuesday, to hike the foreign direct investment (FDI) limit in the telecom sector to 100% from the existing level of 74% is expected to provide a huge breather to some of the domestic operators. Manoj Gairola reports.